One of Canada's largest cryptocurrency exchanges has been granted an order for creditor protection in Nova Scotia Supreme Court, following the reported sudden death of its 30-year-old founder, Gerald Cotten. The company's lawyer, Maurice Chiasson, told the court QuadrigaCX wants time to search for roughly $250 million Cdn in assets left inaccessible after Cotten's death. QuadrigaCX employees say the only way to access much of the cash was lost when Cotten died. It appears the way to access the cold wallets was not left behind with Cotten's wife, the executor of his estate, Cavalic said. "There will only be a finite number of bitcoins ever issued, and any bitcoins that are lost are lost forever."

Source: CBC News February 05, 2019 15:33 UTC